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Tether remains the most popular stablecoin for remittances and banking access in growing regions. Paolo Ardoino, the CEO of Tether, has accused competitor stablecoin issuers of restricting USDT’s expansion through regulatory pressure. He criticized rivals for using legal means to prevent Tether from accessing US Treasury securities. The debate started when US lawmakers suggested new
Bradley Nelson3 min read
Key Insights: Tether’s CEO, Paolo Ardoino, has provided additional context regarding a recent $2 billion USDT minting on the Ethereum blockchain. The transaction, flagged by on-chain tracker Whale Alert, initially raised questions within the crypto community. Ardoino clarified that the issuance was part of a planned chain swap operation rather than an increase in the
Curtis DyeUpdated 3 min read
A new SEC filing on June 4 shows that Tether, the company behind USDT, owns 25% of Bitcoin miner Bitdeer’s shares. A recent filing by the United States Securities and Exchange Commission (SEC) shows that Tether, a stablecoin issuer, currently manages 25% of shares for Bitdeer, a Bitcoin miner. Tether Increases Stake in Bitcoin Mining
Stephen CausbyUpdated 2 min read
